Billion Archives - The Cryptocurrency Network

Bitcoin Futures CME Trading Generates $100 Billion in Volume Since 2017

January 31, 2020 adminBillion, Bitcoin, CME, Futures, Generates, Trading, Volume0 comment

One of the products that have become particularly important to the continued growth of the crypto industry is Bitcoin futures. The derivative product has become one of the most heavily traded crypto-based securities. Key Drivers The Chicago Mercantile Exchange (CME) revealed its actual figures with regard to this particular product yesterday. The futures contracts have been traded on the exchange since 2017, and one of the top executives revealed that the total volume of the trades has been pegged at $100 billion. Tim McCourt, who is the Global Head of…

Ethereum

Tezos (XTZ) Hits New High for 2019, Market Cap Tops $1.4 Billion

December 13, 2019 adminBillion, Cap, High, Hits, Market, Tezos, Tops, XTZ0 comment

Tezos (XTZ) is having a strong end to 2019, with the token seeing its price surge over 85% since early November. This boosts expectations for appreciation going forward as adoption continues to grow following initial skepticism. XTZ Storms into the Top Ten This week, the digital coin continues its impressive performance and gained 25%, making it the best-performing token among the top ten digital coins. Currently, the coin is trading at $1.72. On December 8, the token stormed into the top ten coins by market cap for the first time.…

Blockchain

Stellar (XLM) Soars 18% as 55 Billion Tokens are Burned

November 5, 2019 adminBillion, Burned, Soars, Stellar, Tokens, XLM0 comment

Over the course of the past few years, many cryptocurrencies have emerged that have demonstrated a definite use case, and one of those is Stellar (XLM). SDF or the Stellar Development Foundation, which looks after the entire ecosystem of the cryptocurrency, made a major announcement today, and it could have far-reaching implications. Major Boost The SDF announced a new protocol altogether with regards to its network on Monday and added that it has burned as many as 55 billion XLM (Stellar Lumens). The burning of those many tokens by the…

Blockchain

Coinbase Earned About $2 Billion in Trading Fees Since 2012

October 24, 2019 adminBillion, Coinbase, Earned, Fees, Trading0 comment

Over the years, crypto exchanges have become the most important part of the entire ecosystem, and among the many exchanges, Coinbase is definitely one of the most influential. It has grown into one of the biggest exchanges in the world and the exchange of choice for millions in the United States, the most important market for any business. Solid Numbers The company’s Chief Executive Officer Brian Armstrong recently spoke at Vanity Fair’s New Establishment Summit and stated that the company has notched up $2 billion fees since its inception. The company…

Blockchain

Bitcoin Transaction Worth $1 Billion USD Moved to Single Wallet

September 6, 2019 adminBillion, Bitcoin, Moved, Single, Transaction, USD, Wallet, Worth0 comment

Over $1 billion USD worth of Bitcoin was transferred to one wallet today in a major transaction, making it the fifth richest Bitcoin wallet in existence. The Richest Non-Exchange Address A group of large-scale Bitcoin owners, known as whales, moved 94,504 Bitcoins to an unknown wallet, which now becomes the richest non-exchange address, as well as the fifth richest overall. The amount is equal to 0.5% of all the Bitcoin currently in existence. It is not yet entirely clear where the transaction originated from; however, TokenAnalyst believes that at least one…

Blockchain

Blockchain Technology Revenue Expected to Hit $10 Billion in 2023

August 29, 2019 adminBillion, Blockchain, Expected, Hit, Revenue, Technology0 comment

Last year the cryptocurrency industry experienced a harsh industry-wide drop in asset prices. However, the prices have since recovered, and the blockchain technology is expected to rack billions of dollars in growth. Blockchain Revenue to Hit $10 Billion in 2023 ABI Research conducted a study, and its findings indicated that there are big things ahead for blockchain technology. The firm has predicted that blockchain revenues will grow in the next six years. Categories that will drive blockchain revenue include industrial blockchain applications, financial services, as well as consulting services. ABI…

Blockchain

Altcoins Almost Wiped Out as Cypto Market Cap Drops $30 Billion

August 15, 2019 adminAltcoins, Billion, Cap, Cypto, Drops, Market, Wiped0 comment

Thursday was a bad day for altcoins as almost $30 billion USD was knocked from the total crypto market capitalization. Where Bitcoin Goes, Altcoins Follow Crypto market capitalization was estimated to be around the $280 billion USD during midday trading yesterday; however, as Bitcoin suddenly took a near 10% hit today to drop below $10,000 USD share price, altcoins were largely forced to bear the brunt of the drop in confidence. Ethereum, Ripple, and Litecoin, which make up the rest of the top five cryptocurrencies by market cap outside of…

Blockchain

Ripple to Invest 1 Billion XRP to Fund Online Content

August 15, 2019 adminBillion, Content, Fund, Invest, Online, Ripple, XRP0 comment

Over the past few years, plenty of cryptocurrencies have come to the fore due to the example set by Bitcoin and one of the most interesting cryptocurrencies to have emerged during that time is XRP, which is backed by San Francisco-based Ripple. It is the third biggest cryptocurrency in the world by market cap, and over the course of the past few years, Ripple has been working tirelessly to create an entire ecosystem powered by XRP. On Thursday, the company announced that it is going to invest $4 million in…

Blockchain

Crypto Criminals Take in $4.3 Billion in 2019, CipherTrace Reports

August 12, 2019 adminBillion, CipherTrace, Criminals, Crypto, Reports0 comment

Cryptocurrency criminals have taken in an estimated $4.3 billion USD in 2019, according to CipherTrace. CipherTrace, a cryptosecurity company based in Silicon Valley, has released its Q2 2019 Cryptocurrency Anti-Money Laundering (AML) Report, which is a detailed overview of major cryptocurrency thefts, scams, and fraud around the world. The firm’s Q1 report estimated that cybercriminals illicitly obtained more than $1.2 billion USD in cryptocurrency during the first three months of the year alone. To put the severity of these figure in context, last year’s total figure for crypto theft was…

Blockchain

Tether (USDT) Accidentally Creates $5 Billion in Crypto

July 15, 2019 adminAccidentally, Billion, Creates, Crypto, Tether, USDT0 comment

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the…